The claims and defenses to payment of an instrument that go to the validity of the instrument are called ________.
A. claims to an instrument
B. claims in recoupment
C. real defenses
D. personal defenses
Answer: C
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Which of the following is a marketing strategy can be used when a given customer segment shows relatively high values for monetary value and recency, but a low value for frequency?
a. An upselling strategy b. A "We Want You Back" strategy c. A "Buy One,Get One Free" strategy d. All of the above
Last year Universal Transportation retained $225,000 of the $750,000 net income it generated. This year Universal generated net income equal to $550,000. If Universal follows the constant payout ratio dividend policy, how much should it pay in total dividends this year?
A. $550,000 B. $385,000 C. $165,000 D. $715,000 E. $525,000
Underwater Sports Equipment Company projected sales of 79,000 units at a unit sales price of $12 for the year
Actual sales for the year were 75,000 units at $14 per unit. Variable costs were budgeted at $3 per unit, and the actual amount was $5 per unit. Budgeted fixed costs totaled $387,000, while actual fixed costs amounted to $450,000. What is the flexible budget variance for variable costs? A) $158,000 unfavorable B) $150,000 unfavorable C) $150,000 favorable D) $158,000 favorable
CAD stands for "computer-assisted development programs."
Answer the following statement true (T) or false (F)